NLC India plans ₹43,000-cr for Power & Mining Sector

NLC India has decided to invest ₹43,000 crore in various power and mining projects thereby adding 3,920 mw of power, including 1,000 mw solar and 11.50 mtpa of mining capacity to the company. In the last fiscal, it added 1209 mw and 17.5 mw till June 30, 2020 and retired 400 MW of its installed capacity. The total installed capacity has become 4661.06 mw. The new projects include a 3X800 mw power plant at Odhisha, a 2X800 mw thermal power plant, 2X660 MW plant in Neyveli, 1000 MW solar power project, and an 11.50 MTPA mining project in Neyveli. The company signed a JV agreement with Coal India Ltd (CIL) to set up 5000 Mw of solar and thermal projects. These projects are expected to commence between 2023 and 2027.